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Elizabeth Warren says the government should fire student loan servicer Navient, which should fire its CEO

Elizabeth Warren says the government should fire student loan servicer Navient, which should fire its CEO asheffey@businessinsider.com (Ayelet Sheffey) © Provided by Business Insider Sen. Elizabeth Warren (D-MA). Drew Angerer/Getty Images Sen. Elizabeth Warren said Navient CEO John Remondi should be fired at a hearing on Tuesday. Navient, one of the largest student loan servicers, has been accused of misleading borrowers. Remondi said the allegations are untrue and not necessarily based on facts. Navient CEO John Remondi was at Sen. Elizabeth Warren of Massachusetts first hearing on student debt relief. Warren told Remondi that he should be fired for misleading student loan borrowers, but that wasn t all.

Biden May Be Exploring $50K Student Loan Cancellation, Hints His Chief of Staff

Biden May Be Exploring $50K Student Loan Cancellation, Hints His Chief of Staff Then-President-elect Joe Biden announces Miguel Cardona as his nominee for Education Secretary at The Queen theater on December 23, 2020, in Wilmington, Delaware. Joshua Roberts / Getty Images President Joe Biden is exploring the possibility of canceling student loan debt of up to $50,000 per debtor, his chief of staff Ron Klain said on Thursday. Biden has asked Education Secretary Miguel Cardona to compile a memo detailing how he could legally do so as president. “He asked his secretary of education just put on the job a few weeks once he got on the job to have his department prepare a memo on the president’s legal authority. Hopefully, we’ll see that in the next few weeks,” said Klain in an interview with

Student Loan Relief For 1 Million More Borrowers — After Biden Cancels $2 3 Billion Of Student Loans

Student Loan Relief For 1 Million More Borrowers — After Biden Cancels $2 3 Billion Of Student Loans
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The inflation happening right in front of us: government-backed student loans

The inflation happening right in front of us: government-backed student loans Share The acceleration in tuition costs in the past 30 years has a surprisingly simple origin, mostly stemming from Title IV: Student Loan ERISA Provisions Subtitle A: Direct Student Loan Provisions Student Loan Reform Act of 1993 Amends the Higher Education Act of 1965 (HEA) to replace the Federal Family Education Loan Program, under which loans made by private lenders are guaranteed by the Government with a Federal Direct Student Loan Program, to be partially phased in over a five-year transition period. Up until 1993, the federal government merely guaranteed/backed student loans that

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